The ValuStrat Price Index, which monitors Dubai’s total residential capital fee performance, reported that property costs increased 18.8% year over year and 1.2 percent month over month. Villas were at the forefront of this trend, with prices rising 34.1 percent annually but with a steady growth rate of 2.1 percent.
Property purchasers from the United Kingdom, Italy, and France topped the top-10 list of international buyers in Dubai’s first area, as the secondary market dominated the emirate’s real estate market.
Most foreigners in Dubai are renters, therefore renting an apartment or a villa is a popular choice for housing in the city. Being a renter in Dubai looks to be a difficult task; issues such as high rent, small rentals, security issues, and eviction are just a few of the common issues renters are facing […]
Why has demand been rising? Following the initial wave of Covid-19, housing demand soared in the two quarters between October 2020 and March 2021. This was aided by factors like stamp duty reductions by various state governments, builder incentives, and low financing charges. Starting with the second wave of Covid, the pace slowed in the […]
DAMAC Properties, a multibillion-dollar real estate developer located in Dubai, has begun taking Bitcoin (BTC) and Ether (ETH) payments for its high-end properties.
As Dubai leads the MENA region in virtual property, Union Square House introduces the first Metaverse mansions. Ultra-luxurious digital houses that may be exchanged as NFTs without or with their physical equivalents.
The Municipal Corporation of Greater Mumbai (MCGM), commonly called as the Brihanmumbai Municipal Corporation (BMC), provides water to Mumbai on a daily basis in the amount of 3,850 million litres.
What exactly are Chawls? A chawl, which is popular in Maharashtra, is a one- or two-room flat with a long hallway and shared bathrooms and toilets with other renters. Its design is that housing units are on both flanks of the passageway, with a massive outdoor plaza in the center.
India’s increasing population and urbanization have resulted in a shortage of land on which to build new structures. As a consequence, there is a significant scarcity of reasonably priced housing.
When economies throughout the globe were suffering as a result of the pandemic-induced crisis, Dubai’s real estate market soared to unprecedented heights.